State of New Jersey Common Pension Fund D Has $1.90 Million Stake in QuantumScape Co. (NYSE:QS)

State of New Jersey Common Pension Fund D boosted its position in shares of QuantumScape Co. (NYSE:QS) by 1.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 330,596 shares of the company’s stock after purchasing an additional 5,448 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of QuantumScape worth $1,901,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of QS. Signaturefd LLC increased its position in shares of QuantumScape by 79.9% during the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after acquiring an additional 2,148 shares in the last quarter. International Assets Investment Management LLC lifted its stake in QuantumScape by 475.1% in the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock valued at $29,000 after acquiring an additional 4,228 shares during the last quarter. CWM LLC raised its position in shares of QuantumScape by 56.0% in the second quarter. CWM LLC now owns 7,124 shares of the company’s stock valued at $35,000 after purchasing an additional 2,556 shares during the period. Mather Group LLC. bought a new position in QuantumScape during the second quarter worth about $36,000. Finally, Alaska Wealth Advisors bought a new position in QuantumScape in the 2nd quarter valued at about $49,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

QuantumScape Stock Down 2.3 %

Shares of NYSE QS opened at $4.74 on Monday. The company has a market capitalization of $2.43 billion, a P/E ratio of -4.99 and a beta of 4.60. QuantumScape Co. has a 52-week low of $4.67 and a 52-week high of $10.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. The company’s 50 day moving average price is $5.49 and its 200-day moving average price is $5.76.

QuantumScape (NYSE:QS) last released its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same quarter in the prior year, the company posted ($0.23) EPS. Equities analysts forecast that QuantumScape Co. will post -0.97 earnings per share for the current year.

Analysts Set New Price Targets

QS has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $6.00 price target on shares of QuantumScape in a research note on Tuesday, September 10th. Truist Financial restated a “hold” rating and issued a $7.00 price target (up from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. Finally, Wolfe Research initiated coverage on shares of QuantumScape in a research report on Thursday, September 5th. They set an “underperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $6.14.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $5.96, for a total transaction of $76,931.68. Following the transaction, the director now directly owns 254,103 shares of the company’s stock, valued at $1,514,453.88. The trade was a 4.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Timothy Holme sold 44,306 shares of QuantumScape stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $6.11, for a total transaction of $270,709.66. Following the transaction, the chief technology officer now directly owns 1,168,496 shares in the company, valued at $7,139,510.56. This represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 713,986 shares of company stock worth $4,148,984. 12.03% of the stock is owned by corporate insiders.

About QuantumScape

QuantumScape Corporation, a research and development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.